Lizanne Chantal Muller N.O and Mari Haywood N.O v Cecil Madondo N.O (In his capacity as the Corporate Rescue Practitioner for MCA Venture Capital (Pvt) Ltd (Under Corporate Rescue) and Master of the High Court N.O and Stanbic Bank Limited and Central African Building Society

Key Issues

• {"issue_text":"Whether applicants should pay security for costs as peregrini","issue_type":"procedural","dispositive":"no","related_facts":"Applicants are South African liquidators, first respondent holds their funds"}
• {"issue_text":"Whether the application is urgent given 15-day delay","issue_type":"procedural","dispositive":"no","related_facts":"Applicants learned of problem on 16 November, filed on 1 December"}
• {"issue_text":"Whether interim relief can be granted where funds may not be available","issue_type":"mixed","dispositive":"no","related_facts":"Bank statements show minimal balances, first respondent claims funds applied"}
• {"issue_text":"Whether paragraph 2 of interim relief is enforceable without account details","issue_type":"procedural","dispositive":"yes","related_facts":"Order sought to ring-fence funds but no account numbers specified"}

Background